Hyundai sales zoom, Maruti slows down

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New Delhi, Apr 1 (UNI) Country's biggest carmaker, Maruti Suzuki India Ltd, sales declined 2.1 per cent while its rival Korean giant Hyundai Motors India Ltd (HMIL) zoomed ahead with a huge 66.4 per cent increase in its sales during March this year.

Maruti Suzuki India Ltd sales decreased to 70,296 vehicles in March 2008, compared to 71,772 units a year ago.

The company sold 64,421 units in the domestic market as compared to 64,556 units a year earlier while the exports fell to 18.6 per cent at 5,875 units from 7,216 units last year.

The company sold 764,842 vehicles in 2007-08, a growth of 13.3 per cent over the previous year.

''While strengthening its leadership in the A2 segment, Maruti Suzuki also attained leadership in the A3 segment for the year 2007-08. The company sold 49,335 cars in the A3 segment, a whopping growth of 66.1 per cent over the previous year,'' a statement said.

The company's sales included exports of 53,024 during 2007-08, the highest ever in the company's history, growing at 34.9 per cent during the year, the statement added.

HMIL's domestic sales grew by 52.3 per cent to 29,401 units in March 2008 compared to 19,300 units in the same month last year.

The company registered a robust growth in the month of March 2008, its highest ever monthly sales since inception, as exports grew by 96.9 per cent to 17,600 units compared to 8,939 units in March, 2007.

This translates into an overall growth of 66.4 pr cent (both domestic and export sales) in March, 2008 at 47,001 units compared to 28,239 units over the same month last year.

For the quarter ending March, 2008 the cumulative sales stand at 113,702 units with domestic sales accounting for 68,302 and exports 45,400 units.

In the quarter ending January - March, 2007 HMIL had sold 79,926 cumulative units with a split of domestic 52,219 units and exports 27,707 units.

This translates into a quarterly jump in cumulative sales of 42.2 per cent with domestic sales growing at 30.8 per cent and exports 63.8 per cent.

Commenting on the record sales, HMIL Managing Director H S Lheem said, ''We are absolutely delighted by our sales touching an all time high and we believe it shows the strength of the Hyundai brand.

The newly launched compact i10 has done phenomenally well and is on its way to becoming a very popular car.'' Also with the commissioning of our new plant we are now in a position to meet the growing demand for the domestic as well as our overseas customers and this will help us strengthen our position in the market, he added.

SkodaIndia, a subsidiary of Czech Republic-based Volkswagen Group has registered 27.2 per cent growth in sales with 2,050 units in March 2008 as compared to 1,612 units sold in March 2007.

The sales figure includes 702 units of India's first Super hatch SkodaFabia, a company statement said.

Skoda has a network of 54 dealerships across the country and has sold over 51,000 units since November 2001.

General Motors India has registered a record growth of 51 per cent in sales in March 2008 with 6, 836 units as against 4,542 units in March last year.

The numbers include 1,820 units of the Chevrolet Tavera, 1,589 units of the Chevrolet Aveo, 710 units of the Chevrolet Optra, 2,397 units of the Chevrolet Spark and 320 units of Chevrolet Captiva, a company statement said.

GM India has witnessed a robust growth of 71 percent for the period of April 2007-March 2008 over the corresponding period last year.

It has sold 66,543 units during the period between April 2007-March 2008, as against 38,857 units sold between the same period a year ago.

GM India's network now has 117 locations across India and it intends to set up 125 sales points and 135 service outlets across the country by year-end, GM India Vice President P Balendran said.

General Motors India is a subsidiary of US-based General Motors Corporation, with a manufacturing facility in Halol, Gujarat.


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